Weekly Economic Update: October 8-12, 2012

Oct 15 2012

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The U.S. trade deficit widened $1.7 billion to $44.2 billion in August. The topline PPI rose 1.1% in September while the core PPI was unchanged. The U.S. Treasury recorded a $75 billion surplus in September. Initial jobless claims dropped 30,000 to 339,000 for the week ended 10/6.

• The U.S. trade deficit widened $1.7 billion (4.1%) to $44.2 billion in August. Exports fell 1.0% to their lowest level in six months ($181.3 billion) while imports edged down 0.1% ($225.5 billion).

• The topline producer price index increased by a larger-than-expected 1.1% in September; the core PPI was unchanged. This marks the second month of significant increase (the PPI jumped 1.7% in August).

• The U.S. Treasury recorded a $75 billion surplus in September. This surplus was in line with expectations.

• Initial jobless claims dropped 30,000 to a level of 339,000 for the week ended October 6th.

 

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